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Coinsilium updates on partnership discussions between Nifty Labs and Indorse - Proactive Investors

Coinsilium Group Limited (LON:COIN) has updated investors on the memorandum of understanding (MOU) and proposed partnership between its Gibraltar subsidiary Nifty Labs Ltd and Indorse, a Singaporean firm in which it owns a 10% stake.

The blockchain and open finance venture firm said following the announcement of the MOU on March 2, in which Nifty and Indorse agreed to form a partnership in order to launch a non-fungible token (NFT) technology development studio in Gibraltar, the two parties are continuing to advance discussions towards finalising the partnership structure for Nifty Labs and concluding the respective legally binding agreements whilst at the same time jointly evaluating various commercial NFT projects and opportunities.

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